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Who are the wealthiest Arabs on the 2023 list?

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According to a report by the American magazine Forbes, the total wealth of wealthy Arabs has decreased in the current year 2023 to $51 billion compared to $52.9 billion in the previous year 2022.

According to Forbes magazine, the Egyptian Nassef Sawiris retained the top spot on the list of wealthy Arabs by original nationality, with a net worth of $7.5 billion, despite a decrease of about $300 million from 2022.

As for the second place at the Arab level, it went to the Algerian billionaire Issad Rabrab and his family with an estimated fortune of about 4.6 billion dollars, while the Emirati businessman Hussein Sajwani, chairman of the board of directors of Damac Real Estate, came in third with a fortune of 4.5 billion dollars.

Globally, American businessman Elon Musk has lost his position as the world’s richest man as French luxury goods magnate Bernard Arnault topped the 2023 rankings with a net worth of $211 billion.

Source: Forbes

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